International Monetary Fund
Climate Impact & Sustainability Data (1980-2014)
Reporting Period: 1980-2014
Environmental Metrics
ESG Focus Areas
- Financial Development
- Financial Inclusion
- Sustainable Growth
- Income Inequality
- Financial Stability
Social Achievements
- Rapid growth of microfinance, providing services to low-income populations.
- Expansion of mobile payment systems, increasing financial inclusion, especially in East Africa.
Governance Achievements
- Increased private sector credit to GDP.
- Expansion of Pan-African banks, promoting competition and integration.
Climate Goals & Targets
Environmental Challenges
- Low levels of financial development compared to other regions.
- Weak institutional quality hindering financial development.
- Inadequate supervisory oversight of Pan-African banks.
- Unequal access to financial services, particularly for women and the poor.
- Macro-financial risks, including sovereign debt risks and commodity price shocks.
Mitigation Strategies
- Strengthening legal and institutional frameworks.
- Improving corporate governance and information disclosure.
- Strengthening supervision, including cross-border oversight.
- Promoting competition in the banking sector.
- Broadening financial inclusion through mobile banking and microfinance.
- Implementing macroprudential policies to address systemic risks.